The U.S. job numbers reported last week, as we have detailed, were weak... as they are throughout much of the world.
Tag: U.S. Economy
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BANKRUPTCIES RISE AGAIN IN THIRD QUARTER
In this year’s third quarter, 182 major U.S. businesses filed bankruptcy, according to S&P Global Market Intelligence.
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FED HOLDS RATES STEADY
On 1 November, the U.S. Federal Reserve announced it will continue to hold its key interest rates steady at 5.25 percent on deposits and 5.5 percent on loans. The Fed has not changed the rates since July.
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ECONOMIC UPDATE – MARKET OVERVIEW
Worried about the economic future, what to invest in, and what to do? Never before in modern history will it be so important to look beyond the economic perimeter and understand the crucial megatrends shaping the future.
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GOING OUT OF BUSINESS TRENDS
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community. Some of the most significant challenges include soaring inflation rates, escalating interest rates, looming fears of a recession, and a tangible decrease in revenues for many sectors…all made worse by the COVID War which destroyed the lives and livelihoods of billions across the globe.
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
How much more proof do people need to see the dismal economic future? For the mainstream media, the only numbers that count are stock indexes. Welcome to week 60 or our job layoffs... of a bad situation getting worse.
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HARD TIMES FOR CREDIT REPORTING AGENCIES
In an era of economic uncertainty and high interest rates, lenders are making fewer loans.
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ANOTHER BAD JOKE: BIDEN NAMES 31 U.S. REGIONAL TECH HUBS
The Biden administration has designated 31 locales around the country as “Regional Innovation and Technology Hubs.”
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HIGH INTEREST RATES THREATEN TO SPARK RECESSION
On 23 October, the yield on the 10-year U.S. treasury bond broke up through 5 percent for the first time in 16 years. On 27 October, the average national interest rate on a 30-year, fixed-rate home mortgage topped 8 percent, according to Bankrate. The average credit card interest rate has reached 22 percent, the U.S. Federal Reserve reported.
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U.S. ECONOMY GREW 4.9 PERCENT IN THIRD QUARTER
U.S. GDP grew at an annual rate of 4.9 percent in this year’s third quarter, the commerce department reported.